Major Economic Warning Sign: The Euro Is Heading For Parity With The U.S. Dollar

By Michael Snyder, on December 15th, 2016

The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017. On Thursday, the EUR/USD fell all the way to $1.0366 at one point before rebounding slightly. That represents the lowest that the euro has been relative to the U.S. dollar since January 2003. Ever since 2011, I have been relentlessly warning that the euro is heading for parity with the U.S. dollar. When the EUR/USD was trading at about $1.40 that must have seemed like crazy talk, but I never wavered. I just kept warning people that the euro was going to weaken greatly relative to the U.S. dollar. Here is one example from March 2015: “How many times have I said it? The euro is heading to all-time lows. It is going to go to parity with the U.S. dollar, and then it is eventually going to go below parity.” After Thursday, we are almost there, and once we do hit parity that is going to be a sign that all sorts of chaos is about to erupt in Europe.

For years, so many people that write about our coming economic problems have been proclaiming that the death of the U.S. dollar is imminent.

But I have always taken a different approach. I have always maintained that the collapse of the euro comes first, and that the death of the U.S. dollar happens some time later.

So many people have wanted to get rid of all of their dollars in anticipation of the coming crisis, but that is a huge mistake.

First of all, without exception everyone needs an emergency fund that can cover at least six months of expenses in case there is a job loss, a health emergency or all hell breaks loose for some reason.

Secondly, cash is going to be king during the initial stages of the coming crisis. Later on the U.S. dollar will rapidly lose value, but at first it will pay to have significant amounts of cash available to you.

Most people out there seem to think that a strong dollar is great news and that it is a sign of good things to come under Donald Trump.

But the truth is that an overly strong U.S. dollar is actually very bad news for the global economy.

For the U.S., a strong dollar hurts our exports and tends to drag down our GDP.

For the rest of the world, a strong dollar makes it more expensive to borrow money. The economic boom in the developing world following the last financial crisis was fueled by mountains of cheap dollars that were borrowed at ultra-low interest rates. But now the U.S. dollar is surging and interest rates are spiking, and that is starting to cause major problems.

It now takes much more local currency to pay back those dollar-denominated loans that were made in emerging markets during the boom times. If the U.S. dollar continues to rise we are going to see a staggering number of defaults, and a credit crunch in many areas of the globe seems inevitable at this point.

Of course the big thing to keep an eye on over the coming weeks is the rapidly unfolding crisis in Italy. The Italians have the 8th largest economy on the entire planet, and we are in the process of watching their entire banking system completely implode.

In fact, their third largest bank is in imminent danger of collapse, and according to Reuters this could trigger “a wider banking and political crisis in Italy”…

Italy’s government is ready to pump 15 billion euros into Monte dei Paschi di Siena (BMPS.MI) and other ailing banks, sources said, as the country’s third-largest lender pushes ahead with a private rescue plan that is widely expected to fail.

The world’s oldest bank has until Dec. 31 to raise 5 billion euros ($5.2 billion) in equity or face being wound down by the European Central Bank, potentially triggering a wider banking and political crisis in Italy.

If needed, the government will pump 15 billion euros into the Siena-based lender and several other smaller banks to prevent that, two sources close to the matter said on Thursday.

This is so much more serious than the ongoing economic depression in Greece.

Greece is just the 44th largest economy on the planet, and we saw how much trouble Europe had trying to bail them out.

So what is the rest of Europe going to do when financial collapse hits Italy?

Here in the United States very few people are interested in hearing about a “global financial crisis” right at this moment, because in the aftermath of the election most people are feeling really good about where things are heading. Just consider the following three facts that I pulled out of a Bloomberg article…

#1 “The National Association of Homebuilders’ index of sentiment soared to an 11-year high in December, despite the sizable rise in bond yields since the election.”

#2 “The University of Michigan’s December index of consumer confidence also continued its upward post-election trend, rising to 98. A sub-index that tracks respondents’ opinion of the government’s economic policies spiked to levels not seen since 2009.”

#3 “The National Federation of Independent Businesses’ index of optimism among small businesses posted its sharpest surge since 2009 in November to reach 98.4. An expected improvement in business conditions among small business owners surveyed after Nov. 8 was the largest contributor to the improvement in the headline print.”

Hopefully happy days will stick around for a while.

But it won’t last forever.

As I have warned so many times, the coming crisis is going to hit Europe first, and the United States will join the party not too long after.

And a key marker that we have been watching for is almost here. The euro is going to hit parity with the U.S. dollar just like I have been warning, and once that takes place expect events to start accelerating significantly.

This is where all our preps pay off! In my case, having lost almost all but our skills, we will have to regroup quickly somehow.

ali

A bit logical article after a very very long time. I agee a strong dollar is not going to help anyone globally.

Bradley Gattly

A strong dollar DOES help USA consumers. I have watched food prices go steadily down the last few months. Boneless, skinless chicken breasts for $1.50 a pound, Ice cream for $1.98/48 oz container. The heater I bought two years ago at Walmart for $15 is now $10 regular, not sale price. Electronics have also dropped more than usual. All this is due to the strong dollar. Peter Schiff always mentions how a strong dollar is good for our country.

retired22

The problem is that the lower prices are primarily for food products coming out of China & are suspect for health reasons!

socalbeachdude

Nope, and very few food products come out of China at all.

Trev T

Hi, but what food do they export? Do you mean those instant noodle packets?

Joo

The Euro is unacceptable for the people, economically and politically!

This is total meltdown! Italy is broken! We talk about, not just for financial reason, but for political. EU is globalist tyranny! This is a slave agenda! I am from a small country in Europe and I told you that we are conquered. Open borders… We are a rape continent, they flood countries with human waste, called them refugees.

We do not need an EU, we do not need an Euro! Only reason that Italy, Greece, Spain, Portugal, FInland and other are above the line is ECB! They print a fiat money and use them for enslave. They build an utopian socialistic empire, and for this empire they need to change human race of the continent. For that they flood the continent with this waste from Africa and other arab countries! EU is just an evil tyranny! No prosperity, no security, no future for the people, JUST ONE BIG CHAOS DECLINE…

Europe is BROKEN!

2017 is the last year for euro and EU! This year we have total economic collapse, all around the world!
Europe is not EU! Freedom for Europe!

Horiboyable .

I am a BREXITER, I voted out and I will fight until my last breath to ensure that might vote is not wasted by crooked politicians. If that means blood in the streets, then that’s a price I am prepared to pay so my children can enjoy the freedoms I once had.

Paul Patriot

Thank you!!!! Now, if we could only replicate your attitude hetre in the USA, and shake the liberal, progressive sheeple from their hypnosis, and get freedom Lovers to take that same attitude, MAYBE, there is a sliver of a chance for America to not fall.

I am very happy when I heard that brexit happened. Y’all are in our thoughts and prayers to stand firm and stay committed to trying to save your great nation from the tyrannical, globalist nonsense that the EU has tried to force on you.

Stand strong Great Britain!!!!

Horiboyable .

Paul you just have to wait for the catalyst. I am picking it will be the bond bubble. When peoples pensions start to vaporise, they start losing their jobs and their homes this will be the call to arms. The pain here in Europe is more advanced than in the USA.
Politicians are totally disconnected to what the mood is in their electorates because they have stopped listening to them.
You know what Gerald Celente says; when folks are losing and they have nothing else to lose; they loses it.
The founding fathers of the USA were very clever men indeed, American’s are about to rediscover why the right to bear arms is paramount. We are about to enter political hell in the west and it has nothing to do with the Russians. Its the collapse of socialism.

Liberty First

Very well put.

Trev T

I second that, especially the ” wait for bond market. Draghi can print as much as he likes, money is not the underlying issue in this crisis, that’s why it’s not going away

socalbeachdude

The Bond Market Doesn’t Believe Draghi

The beatings will continue until morale improves, the saying goes. That’s one interpretation of the European Central Bank’s somewhat convoluted rejig of its quantitative easing program this week.

By insisting he’s not tapering bond buying while simultaneously reducing the monthly purchases and extending the time frame, President Mario Draghi is sending a mixed message that likely reflects disagreements among his Governing Council members. Cutting the program to 60 billion euros ($64 billion) per month from 80 billion euros throws a bone to those who worry that it’s time to withdraw the monetary medicine; lengthening the timeline until the end of next year pacifies policy makers who fear the patient isn’t yet on the road to recovery.

But in financial markets, bond yields are effectively tightening monetary conditions on the central bank’s behalf, suggesting investors are beginning to anticipate an improved economic outlook. That could play out in two ways: Either bonds are correct, and the ECB will find itself tapering properly next year, or bonds are wrong, in which case Draghi will have to make good on his pledge to do more if needed.

The jackass fools destroying things in the UK – particularly their own lives – and livelihood are the pitiful and pathetic little anarchists who do not even comprehend what the European Union is or does, but they will soon be learning the hard way as many of them lose their jobs and as the price of things purchased in the UK pound sterling soars by 20% or more over the coming months and as the value of any assets they may own falls sharply – for which they have ONLY THEMSELVES TO BLAME.

Both Lord Rothschild and George Soros made that very clear.

The Brexit crash will make all of you poorer – be warned – George Soros

My 60 years of experience tells me the pound will plummet, along with your living standards. The only winners will be speculators.

International Monetary Fund and others have been attacked by the leave campaign for exaggerating the economic risks of Brexit. This criticism has been widely accepted by the British media and many financial analysts. As a result, British voters are now grossly underestimating the true costs of leaving.

Too many believe that a vote to leave the EU will have no effect on their personal financial position. This is wishful thinking. It would have at least one very clear and immediate effect that will touch every household: the value of the pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs.

The Bank of England, the Institute for Fiscal Studies and the IMF have assessed the long-term economic consequences of Brexit. They suggest an income loss of £3,000 to £5,000 annually per household – once the British economy settles down to its new steady-state five years or so after Brexit. But there are some more immediate financial consequences that have hardly been mentioned in the referendum debate.

To start off, sterling is almost certain to fall steeply and quickly if there is a vote to leave– even more so after yesterday’s rebound as markets reacted to the shift in opinion polls towards remain. I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government.

It is reasonable to assume, given the expectations implied by the market pricing at present, that after a Brexit vote the pound would fall by at least 15% and possibly more than 20%, from its present level of $1.46 to below $1.15 (which would be between 25% and 30% below its pre-referendum trading range of $1.50 to $1.60). If sterling fell to this level, then ironically one pound would be worth about one euro – a method of “joining the euro” that nobody in Britain would want.

Huh? There is no “Wizard of Oz” except in a fantasy book written long ago.

Trev T

most are being distracted and diverted away from what is happening with the use of technology (to keep us all busy) or sport events. In addition, there is the media poisoning us with what they call fake news or as we once rather called it HOAXES
Now it’s rather what they hide from us, they seem to be feeding us with nonsense meaningless news and withholding what is important & serious news

David Wilkerson said in his book (1998) America’s Last Call: On the Brink of a Financil Holocaust”, a bond market meltdown woud be th catalyst fo the world’s financial callapse.
This year, $400 billion in Treasury’s was redeemed by foreign governments. Who has $400 B to buy these as well as the $1 T+ in additional debt the U.S. govt has/will issue? Obviously, those who can “print” the money are doing so and eventually, when this information gets out the dollar will become worth pennies! Trump can’t save us!!

socalbeachdude

In Fiscal 2016, the amount of federal government debt in the US expanded by more than $1.4 trillion and was easily and instantly absorbed by the bond markets. The Federal Reserve is not “printing” any money at all and has been tightening ever since it totally ended its versions of QE on October 31, 2016 which is now more than 2 years ago. The federal government debt in the US has now skyrocketed upwards to more than $19.6 trillion and is continuing to dramatically increase every month as we move into 2017.

watchmannonthewall

Of course the Fed is not “printing” money and the U.S. debt of $1.4 TRILLION was “easily and instantly absorbed by the bond markets”, as well as the $400 BILLION in Treasuries sold by China and the Saudis and whomever else was selling.

Who was buying?

Europe is a disaster, the numbers coming from China regarding their economy are a sham, Japan is a mess, Saudis are selling treasuries as well as China and Russia (if they even have any left), the big South American nations are a mess, many oil producing nations ran deficits this year so they weren’t buying, a number of nations hate the U.S. and so won’t buy Treasuries, G. Britian, Canada and Australia are much too small to purchase $ 1.8 Trillion in treasuries, and the later two are natural resource producers which had bad years anyway!

So who is buying all this debt? The corporations might be buying it with their own debt but that wouldn’t make a lot of sense! We do know the central banks of Japan and of the Swiss are heavily invested in the U.S. market. My bet is other western central banksters are too as they all work together to keep appearances up.

Perhaps that is why interest rates have nearly doubled since this summer, to keep nations invested in Treasuries where they are not only getting a higher spread between inflation and the nominal rate, than in manyother countries, but also getting appreciation on holding U.S. dollars! You think?
Additionally, if the economy is doing so well, why did the U.S. add $1.4 Trillion in debt this year including off budget items? I thought the economy was improving dramatically!

A better question is, “Why did the U.S. govt add about $150 billion ($440B to $590B) in debt for 2016 related to the budget compared to 2015?” No doubt the extra $150B was to keep the appearance up that the economy was doing well, during the election cycle, in the hope the sheeple would put Hillary in as president! Its sort of like buying votes by making people think things are better than they really are, when one controls the printing press. Oh, sorry, forgot we aren’t “printing” money. Everyone else is! Three rate hikes next year! Let the manipulation continue…until it can’t!!

socalbeachdude

You obviously do not understand the scope of the $13 trillion a year US Treasury bond markets, and I would suggest you learn about them at:

This is what I have to say about the U.S. bond market: The U.S. global empire has a multitude of ways to manipulate markets, including the bond market. One day the Russians will grow tired of the way the U.S. manipulates world markets to squeeze others while propping itself up. One day they will cut off the head of the snake and the “scope” of the bond maket will no longer matter. They will decide not to play the game, “the way it is supposed to be played”, in the financial markets. They will simply move to a different sandbox. Putin is not a fool. Is this the 6th seal in Revelation? Many think so and it could be. I’m not sure.

Will it be this coming year, 3 years from now or 10? I don’t know, but I am quite sure it will happen. Russia has been quite strategic in the moves it has made, especially since 2012, once the blatant manipulation of the world markets become evident from the 2008 GFC. The manipulation has been laid bare for all to see! We may get a reprieve with Trump over Hillary, or not. I understand where we are going, just not the timing. Too many things David Wilkerson warned of have already happened, I have no doubt this will also and a bond market meltdown is coming (1998) as well as the conflict (1985).

Scientifically, I can’t prove a thing. We accept many things that can’t be “proven”. However, once it happens, no one will care what comments I have made here. Many, no doubt, already don’t. Many accept the premise that since nothing has yet happened, it never will.

While I appreciate your attempt to educate me, God’s Word says He takes the wise of the world in their wisdom and turns it to foolishness. The current financial system is satanic in that it brings people into bondage with no way out, and is an abomination to Him which He will obliterate, I believe within my lifetime. In time, we shall see.

socalbeachdude

The US Treasuries markets are by far the largest markets in the world and involve more than $13 trillion a year of transactions including the issuance of around $7 trillion a year of new US Treasuries.

Russia has nothing whatsoever to do with the US Treasuries markets and has a very low government debt ratio to its GDP of only about 16% and couldn’t give the slightest bit of a hoot about the US Treasury markets.

The investors in the US Treasury markets are enormously diverse and the largest investor is the US government itself with holdings of around $6 trillion through its various agencies with the largest of those being the Medicare and Social Security Trust Funds. Foreign ownership of US Treasuries are only around $5 trillion out of the total of around $19.6 trillion in US Treasuries outstanding.

The rest of the US Treasuries are owned by a very broad group of investors ranging from individuals through banks and financial concerns including hedge funds, pension funds, money market funds and US Treasuries are continuing to increase in yields which makes them very good investments for their buyers.

watchmannonthewall

Agreed. If everything continues as it has since, pretty much, Bretton Woods, they are a very attractive, safe, investment. I don’t think the future wil be like the past, but I could be wrong. That is what makes life interesting!

sister soldier

Amen Watchman only God can deliver a nation from destruction by delaying or canceling judgment and that will not happen without national repentance. IF the sum of our national debt is equivalent to the wages of our disobedience then surely Trump is our divine indictment. You are correct that a “mortal man” cannot save us and even more so a “moral-less man” can only hasten a nation’s judgment.

CASTIEL

We need more people like you in Europe……..And keep that human waste out of your country that tries to get in…..

Trev T

bollocks the writer is a banker who feeds you half truths

CASTIEL

Go eat crap….little men……

socalbeachdude

Why the foul disgusting language from you?

Horiboyable .

Many German women are enjoying the cultural enrichment that Merkel has unleashed on her female citizens.

CASTIEL

Yes…..probabily a lot of them like it…….Those sand monkeys give something that their mens dont have…….:) Hitler must be crawling in his graveyard……..he lost ww2 to see that country turning in a muslim state….

retired22

You need to defeat the financial elites,the politicians are merely their stooges!

Horiboyable .

We are in a period of extreme change, this going to be like the fall of the Roman Empire. Folks need to be VERY aware. After the Roman Empire which was a very advanced society, they had stock markets and futures markets.
We always mistakenly think we will always progress forwardly but that is not true. After the Roman Empire collapsed we entered the age of serfdom. Folks were happy to trade their rights for security from the Lords and this lasted right up until the black plague where the Lords were forced to pay for labour which gave birth to capitalism. When capitalism is unleashed society enjoys a standard of living above all others. It happened in the UK until people were willing to trade in their freedom and liberty for free dentures from the NHS and now the same has happened in USA.
Here in the UK where people would privately own shares and spend a day in London watching Brunel launch his latest ship, they are more inclined to go shopping and then go home and watch the XFactor. People have been dumbed down. These people live in a delusional world and as long as they are asked not to think the Hillary Clintons of this world will step into the breach. These folks will only start to think when they feel the pain,
That statement; for evil to prevail all good men have to do is nothing. We are entering that period of time of extremes and this is where one of these nut jobs like Hitler could slip in if moral men are not vigilant.
I have no concern in the USA with Trump, there is no doubt he is a patriot. I can not say the same about Europe. Ayn Rand did not describe it as the looters Continent for nothing.
Beaware!!!

socalbeachdude

The biggest beneficiary of the Trump victory has been the stock of Goldman Sachs which is a Dow (DJIA 30) component as it has soared upwards by around 50% since the election.

Arrow

But…isn’t it all just… paper? Sometimes I can’t help but feeling that I’m, living a life of illusion.

socalbeachdude

Isn’t what just paper?

Brad Dueringer

Exactly

socalbeachdude

Brexit blocked: British court triggers a constitutional crisis by ruling the country’s lawmakers must be given a vote on split with EU

Remain campaigners, led by businesswoman Gina Miller have won their battle over Theresa May’s decision not to give MPs a vote before triggering Article 50.

The stage is now set for an extraordinary showdown in the Supreme Court next month – with the fate of the country potentially at stake.

Another setback there could force Mrs May to put legislation through Parliament, opening the door for Europhile MPs and peers to delay or even wreck Brexit.

Two-thirds of the Commons backed staying in the EU, and the Lords is also believed to have a Remain majority.

Or your children will suffer consequences of your choice.
You voted against the freedom.

Horiboyable .

I voted against tyranny. How can I vote Junker out? I cant because he is appointed. British values have nothing in common with those on the looters continent. Eastern Europeans are not sufficiently socialised to blend into Britain in a positive way. Eastern Europeans have more in common with Putin’s Russia and you share the same language.
Being invaded by over 1 million low class eastern Europeans is not freedom. They damage my children’s education, they bring in diseases that we have not had here for 50 years.

Horiboyable .

If I may add, that what the EU has done to Greece is criminal. To punish the whole of the Greek nation because of the action/inaction of their political class is childish.
The process that is playing out in Europe is the collapse of socialism. Maggie Thatcher was right when she said in 1988; the trouble is with socialism is you eventually run out of other peoples money.

socalbeachdude

What Greece has done is criminal and it is the most reckless and fiscally irresponsible country in the entire EU and EZ and needs to be severely punished by cutting it off from any further bailouts at all from any of its creditors. Frankly, Greece should be entirely booted out of the EU and EZ and left to fend for itself all by itself.

johnancy0818

u r an uninformed idiot…..people were NOT bailed out in Greece but instead the corrupt banks were….do ur homework before posting

socalbeachdude

False. The country of Greece is what was “bailed out” and Greece was the first country to ever go bankrupt about 2,000 years ago and has become insolvent at least 8 times since then with most of those instances occurring over the past 200 years. Without the solvency of the Greek banks, there is nothing left in Greece to even consider bailing out and the national debt of Greece is now around 175% of the pitiful GDP of Greece – all due to the profligacy and financial irresponsibility of the people of Greece.

Horiboyable .

You are a clown. Greece was NOT bailed out. French and German banks were on the hook with a lot of Greece debt and would have gone bankrupt. So they gave Greece the money so they could then recapitalize the French & German banks. Uninformed people like you are dangerous.
Make no mistake the EU dream is over and your support to over turn democracy will be thrown into the dustbin

socalbeachdude

Laughably false. The government of Greece most certainly was bailed out big time by the ECB, EU, and IMF (the troika) and I would suggest you learning about all of the terms and conditions of that series of bailouts which are still ongoing and involve many billions of dollars to the country of Greece.

retired22

Sort of like a dope peddler,
He gives his victims a couple of free fixes & when he gets his prospect hooked he takes control of him.

The EU gave European nations doses of easy credit & high living standards beyond the normal expectations of the poorer nations.When the prey was softened up,they dumped the Euro on the entitlement junkies
Now that the financial system is failing they are getting the bill for all of early easy credit,…the banks call it Austerity!

retired22

In reality what came about was a new German Empire.
The Euro was backstopped by the German Deutschmarks & Germany’s position as Europe’s #1 financial & economic power!German financial wealth bankrolled the EU
the Euro is worth what the German economy is worth.without the German economic power the Euro would not exist.
Like any other situation where someone takes money from a loanshark,..payback can be rough!

jsmith

You really mean the tribe’s empire, don’t you? The Red Shield of Satan.

retired22

You are one foirked up maniac!
You should take your brain to a service center where you can get your cross wired brain repaired!

Trev T

he refers to Rothschild (red shield) bankers

retired22

I know what the POS means,..Rothschilds were Jewish sometime in the past,…I understand the implications of what he is going for!
What about all of the Christian bankers who have been humping the world for centuries,..are they invisible?

socalbeachdude

False. The Deutschmark was totally retired by Germany in favor of the Euro.

socalbeachdude

The EU and EZ will both do just fine and the Euro is an enormously successful currency with its importance in the world just behind the US dollar.

Southern Europe is VASTLY LESS PRODUCTIVE than northern Europe and that has long been the case – for centuries.

CASTIEL

Shut the f#ck up…..you misereable pig……. ….Portugal was a empire untill 1974….in ww2 we were more sucessfull than the north that was completely destroyed by ww2…..We were one of the last empires in Europe….stupid ignorant shut your mouth!!!!!!! centuries??????? moron……

socalbeachdude

Portugal was a tiny little nearly irrelevant country in 1974 and today is one of the PIIGS of the EU with appalling lack of fiscal responsibility, a lazy and unproductive population, and little hopes for a bright future right alone with Italy, Ireland, Greece, and Spain (PIIGS).

CASTIEL

Was a country witch controlled 6 countries in Africa moron
( Angola….mozambique…Cabo Verde etc…( ex colonies )…..why you dont come here and say that? I would break your legs….pathetic ignorant…You think theres future in the north????? I worked there and didnt see any future…but the idiot that never leaved their tiny village comes here posting crap….you deserve a soap to clean your mouth……You are full of crap you ignorant peaseant!!!!!

Trev T

well said, every country these peasants have been in is filthy, just like Portugal

Trev T

correction a country whose people moved to and & lived in 6 countries screwing the locals & then leaving them to ruin, go look at them yourself hot shot

CASTIEL

Correction…..F#cking ignorant……….Where are you from?????? i guess your country also did some beautiful things moron…for me yes they can rot in hell just like you..Shut your mouth

socalbeachdude

Again, please clean up your foul language.

Trev T

arab

CASTIEL

Arab…….then go blow yourself up in the middle of the desert……40 virgins are better than 40 goats that you are used to…..i guess……

socalbeachdude

What do those areas / countries have to do with anything?

Brad Dueringer

You really are an uneducated fool or a shill….

Trev T

yes, he’s obviously a pork & cheese

socalbeachdude

Everything I have stated is 100% true, accurate, and correct. With what facts I have stated specifically do you in any way disagree?

Brad Dueringer

I have not read all your musings, but do I understand correctly that you are a supporter of the EU?

socalbeachdude

The EU simply IS and WILL BE and has brought Europe together as a whole unlike any efforts that ever came before the EU and that has brought about a much better and much more unified Europe than ever existed before.

Do you accept that the EU leadership is appointed unlike the countries it represents?

socalbeachdude

Huh?

Trev T

I agree

socalbeachdude

The EU is a great and wonderful entity.

Trev T

You are totally correct on Portugal, in addition, most drive (try to) expensive cars and have 2nd home villas paid for by the rest of EU. This is why their Barroso (the commie) set it up in the Lisbon treaty, it’s called equalisation and all the workers in EU pay for the lazy PIIGS countries.
Anyhow this writer has it all wrong in this article, a 2 cent decrease in a week is nothing, neither is parity a collapse.

CASTIEL

I have a expensive car…… a farm… and a home villa paid by the work of my family and myself……everything i have cames from my work……..I guess you are just a moron or idiot from north of UE or maybe both…….please just use your but to let the crap going out of your body…..not your mouth…

ALWAYSTOMORROW

Merry Christmas CASTIEL.:-}

CASTIEL

Merry Christmas AT.

Arrow

So dude, are you saying that when the PIIGS go down, the EU will be unscathed? Lot of weight for the other economies to bear, especially when Brussels is skimming off the top.

socalbeachdude

The PIIGS are largely irrelevant and are a hindrance to the great prosperity of Europe as a whole. The worst of the PIIGS are Greece and Italy. Greece is hopeless and the people there are the most corrupt in all of Europe, but is really a rather tiny problem in the big picture whereas Italy is proving to be a significantly larger embarrassment and much great financial annoyance to the karma of the EU and EZ.

There is an interesting article on the banking and political situation in Italy at:

Both Italy and Greece should be booted out of the EU and cut off from any and all credit and financing and left to fend for themselves to clean up their own self-made hideous financial messes.

Arrow

Yeah, I’ve seen the discussion about Italy’s banking issues. Guess Italy is prepared to sink $15B into failing banks to perpetuate the illusion of stability. Perhaps the unelected officials in Brussels should have vetted Italy and Greece a bit more intensely. Oh well, they’ve sucked off of the socialist teet for too long. Boot ’em. Perhaps that would set a precedent and provide for separating Connecticut, Illinois, New Jersey, Massachusetts and Hawaii which are deemed “Sinkhole States” by the Truth in Accounting non-profit. There are others as well that will go belly-up in the next manipulation hiccup and/or bubble burst due to their unfunded liabilities (state retirement), i.e., California, New Mexico, etc. They should be booted as well. Hell, let’s just call it a failed attempt to persuade all of them that a select few know better how to manage their affairs than they do, and just call the whole thing off.

socalbeachdude

Even a possible $15 billion infusion by the insolvent Italian government into the banking sector in Italy is a tiny little drop in the bucket compared to their more than $360 billion in NPLs (Non Performing Loans) at their major banks.

CASTIEL

That meth you use is really powerful……..Some of the countries you state as Pigs were the first civilizations in Europe…….and Spain Italy Portugal Greece Ireland Finland If they get out ….the EU is finished……and if one of them falls everybody falls…..

socalbeachdude

The EU is the largest economy in the world and will become even stronger if it gets rid of these profligate irresponsible countries that are a drag on its economy.

CASTIEL

Didnt they tell you….even the north is strugling…..

socalbeachdude

How so? Their economies are larger than they have ever been?

CASTIEL

But their debt is increasing…..massivly……no ….the economy of France is not growing…..Holland in fevruary of this year declared a state of emergency due to economic problems….later we had those terrorist attacks……riots for months……i couldnt even get fuel to my godam car because there no fuel avaliable…..for two weeks….sometimes you need to wait one hour just for that…….just examples…….35 hours to 39 hours of work by week and gain the same……the austerity arrived to those countries……do you understand?

socalbeachdude

The overall debt in all countries is increasing. As to Hollande, he will soon be gone and there will be a more sensible government in France next year.

Trev T

Hey big mouth Ronaldo/Casteil….Portugal was also a communistic state until you crawled to EU for help. Barosso a staunch communist has ruined the EU by setting up the LISBON treaty in order to transfer wealth from the rest of EU to Portuguese who now all own 2nd homes and fast cars.

But you mean successful empire like the filthy countries, Brazil, Anglo & Mozambique, the ones the Pork and Cheese ruined?
Go fix you filthy dirty streets & grubby buildings in Portugal but you are probably working elsewhere in the EU because there is nothing Portugal………. get a life, tosser

CASTIEL

Comunist???????We were extreme right wing idiot………No….i m in Portugal and i have a job…..i guess you are one of the shadows of men that live in the north of UE..that sees their land beiing invaded by muslims and they dont have the courage to react…Sorry but i prefer to die than live amongside little mens like you…..My name is not Ronaldo moron……..fast cars paid by our money looser……you keep driving the renault clio……

Trev T

you all come from arabs

CASTIEL

First of all our ancestours are visigoth and celts who push and killed arabs in our land in the cruzade war…….We look like Arabs.??????lol you are a disgusting piece of crap……our country poor??? you must be a little men fom north UE……..We can drive be sure of that…..And ignorant we were facists……when hitler died our country made a week of greeth…..So calling a portuguese a arab or communist is the most idiot thing i ever heard in my life……..at least our women are not being banged by muslims because you are shadows of men……….Now please go drop dead……..your existence in this world must be terminated….

Trev T

Maghreb, you are blind, ignorant & hubris

CASTIEL

Look yourself to the mirror…..ugly goat……..Magrehb????? ahahha you confusing my person with your family……….Educate yourself dumb idiot…….A true european is not a muslim…..Go see the origins of Portuguese people cockroach…….

socalbeachdude

100% correct, Trev.

BelieveInCod

I flagged you

CASTIEL

…….Congratulations…..no go eat eat crap….

socalbeachdude

Please clean up your potty mouth as it reflects very badly on you.

CASTIEL

And you stop saying crap…. boy…….as I asked again do you live in Europe? Do you?????you think the Euro will survive any longer???

socalbeachdude

I live in the lovely and wonderful People’s Republic of California and friends travel to Europe frequently and tell me that Europe has never been nicer than it is today in 2016. The 5 star hotels and food and shopping are all superb and there are marvelous things to bring back to Beverly Hills, California!

CASTIEL

So you are not European……..Visiting is different from living there……Of course they are nice……..they are not stupid…..they need the money from tourists….like France…..they didnt tell you whats happening there? Riots…..chaos….terrorist attacks….austerity for the first time in those countries…….you are not seeing the reality….

Trev T

typical Maghreb language

CASTIEL

Typical portuguese language……from our ancestours lusitans that lived in europe since the beginging of the civilization in these lands…….what are you i ask ? Dumb ignorant…..i would break your neck….caused by your extreme ignorance…….The problem is that all refugees refuse to go to Portugal from Syria…..whats the motive???? answer that little idiot…..We hate arabs……and in history we are the people who killed more of them in the cruzade wars…….not one single soul of them remained in these lands…..but you little idiot are from north EU arent you?

Mark

You call yourself a conservative!!!!! F@ck No. Anyone who defends the corrupt and broken EU is a globalist socialist. How can you defend the two biggest pigs on earth Soros and Rothschild who have done every evil act on earth by stealing and destroying countries sovereignty experts. You said you voted for Trump…WHY???? He is against globalism, EU, toxic trade policies, and illegal immigration.

The EU is neither “corrupt” or “broken” at all and is now the largest multi-country economy in the world with GDP of around $19 trillion a year. Donald Trump is not “against globalism” at all and has appointed fine folks from Goldman Sachs in a number of positions in his cabinet and economy advisory council and globalism will continue to flourish.

The EU will be with us for the foreseeable future as will most all of the banks of Europe and the IMF along with the Wall Street and other US banks.

By the way, the biggest beneficiary of the Trump victory has been the stock of Goldman Sachs which is a Dow (DJIA 30) component as it has soared upwards by around 50% since the election.

CASTIEL

What are you smoking????? Thats a very good weed…..its not corrupt????? or broken???? How can you be so dumb???

socalbeachdude

How exactly do you see the EU as in any way “corrupt” at all? The EU is doing precisely what it was intended to do and doing so very transparently. There is now a true common market where goods and services flow freely among 28 (soon to be 27) countries and which is the largest multi-country economy in the world today.

orsobubu

These are the pure and simple facts, and well explained.

orsobubu

How on this Earth you can call Soros, Rotschilds, Fed, central banks, IMF, Wall Street, the socalbeachdude, etc as socialist, is incredibly beyond my belief.

Mark

Very simple. They are central planners. Globalist use the free market for wealth while creating a socialist govt system to control societies. Read Marx’s theories and Saul Alinsky. Maybe that would be to complex for you to understand since you are brainwashed into thinking that this system is so wonderful. I mean globalism. You sir are brainwashed that the globalist and central banking system is the utopia. You must be a paid troll.

socalbeachdude

What utter nonsense.

orsobubu

No. Central planning is a feature of the capitalist mode of production, of course. The
evolution of the free market in the global market has been described,
with brilliant visionary, by Marx already in the manifesto of the
Communist Party, one of his early works. if
you mean socialism as it was intended in Marx times, that is, as a
synonym for communism, then you’re wrong, because it is clear that
communism is a production system that has never been achieved so far
(it requires the abolition of wage labor, money, market, banks) and remains a revolutionary program for the future. And
if you mean it as state interference in the market, then you’re wrong
again since its scientific name is state capitalism. But
the most correct definition for the current system was given by Lenin, and
is called imperialism, ie an economic system based on monopoly, export of capital, financialisation of the economy, struggle
for the division of international markets, struggle for the extension of geostrategic influence spheres. I
have collaborated for two decades with the world’s strongest Marxist
organization, so much so that in some countries we have the exclusive
right to publish the complete works of Marx and Engels, and of course
participate, starting from 1998, in the publication of the Marx Engels Gesamtausgabe,
the so-called MEGA. There is a substantial
proportion of manuscripts, correspondence and imposing immense amount
of extracts and annotations that Marx used to fill out the texts he
read, is still unpublished. The
overall project, with the participation of scholars working in Germany,
Russia, Holland, France, USA, Japan, Denmark and Italy, is divided into
four sections: the first includes all the works, articles and drafts
excluding the Capital; The second the Capital and all its preparatory work starting in 1857; the third the correspondence; the fourth, abstracts, annotations and marginalia. Until
today of the 114 planned volumes, 49 have been published each of which
consists of two volumes: the text and the apparatus that contains indexes
and any kind of additional information.

orsobubu

You can also refer to Peter Howes post more above.

Mark

I do not need to refer to Peter Howe. I studied economics and marketing in undergrad and received my MBA. Contemplating a PH.D program part time if I have the money. I have studied Marx, Adam Smith John Keynese, and others. Free trade, globalism, central banking, and globalism is a cancer to our domestic and global economies. I am not going into a dissertation on these issues but the bottom line is it never worked, it won’t work now, and I will not work in the future.

orsobubu

But you can refer to what I wrote yesterday about marxism in the post under this. It is very easy to study Marx and understand exactly the opposite of what he intended. He used to say, listening to some “marxist” authors, that ” if this is marxism, I’m not a marxist”. Before to study economics (I remember you that all the bourgeoise political economy theories are flawed, because innerly contradictory among themselves) one has to study philosophy and dialectical materialism, Lenin in particular. I.e., Marx is often cited and rediscovered by bourgeoise authors, media, etc, about his exact analysis of capitalism, but never they refer to him as a revolutionary. Marx addressed the fatal contradictions in capitalism, but he never said that the socialist solution is the global market we experience today, nor the state capitalism typical of Soviet Union, Cuba, China, Lybia, Iraq, etc.

socalbeachdude

Indeed!!!

Horiboyable .

Dragi will soon have to do what ever it takes again which will fail.
The Euro was never going to work from it’s flawed design right from the beginning.
If you have one currency their has to be ONE DEBT like the USA.
Try using a bigger font

socalbeachdude

The ECB has told the governments of the EU that THEY WILL NEED TO DO THE HEAVY LIFTING IN THE FUTURE and the ECB has started tapering on its bond purchases and certainly will not be doing any more as there is nothing further it can do and that responsibility is on the governments of the EU countries.

Arrow

The moneychangers speak! More paper bs while millions of men, women, and children bet the farm, so to speak. Pitiful.

Horiboyable .

The Euro successful!!! It is heading to parity with the USD. The whole Euro area is on life support, The ECB is buying 80 billion of bonds each month, money printing, DB is on the brink, four Italian banks are on the edge. Portugal has had new GOOD banks collapse. Spain is stealing off its citizens to prop up crooked banks and bankrupt companies. The anger in Spain was illustrated when an 18 year old boy punched his president Rahoy in the face.
Democracy in the EU is so healthy that Merkel wants to control the media on the internet. Hitler did exactly the same thing.

socalbeachdude

The Euro was introduced publicly in 2002 at EXACT PARITY WITH THE US DOLLAR and has traded against the US dollar as low as $0.82 not long after going public for the first time in 2002. It is currently at $1.05 which is about 5% above parity with the US dollar. The Euro has proven to be an EXTREMELY STABLE currency over the 14 years that it has been a major currency and is now the second most important currency by use in the world with the most important currency, of course, being the US dollar.

The ECB has significantly tapered bond purchases last month which are now running at $60 billion per month and that will be entirely ended by 2018.

Deutsche Bank is doing just fine these days and the problems with banks in the EU / EZ are centered in the Italian banks and are due to gross mismanagement at those banks of NPLs (Non Performing Loans).

Arrow

DB doing just fine? Is it true that DB is holding $70+Trillion in derivatives? That certainly is… fine.

socalbeachdude

Deutsche Bank is Germany’s largest and best bank, and will rapidly emerge from its transitory difficulties which were of its own making due to excessive greed and stupidity by certain people who are no longer with this fine bank.

Derivatives really don’t matter a hoot as they are a zero sum game and the nominal face value has little to do with the actual money in them which is typically less than 1% of nominal face value.

CASTIEL

The deutsche bank fired 10 thousand people last year and you say its fine!!!!!!……….!!!!!!!Are you f#cking serious??????Every country in Europe is in debt….even your north paradise……..

socalbeachdude

Firing people makes companies and

banks significantly more profitable, and there are many more layoffs on the way for Deutsche Bank in addition to the 10,000 people fired last year as Deutsche Bank moves back towards profitability.

If you really want to understand what actually happened at Deutsche Bank that caused its current transitory issues, then read the extremely comprehensive and detailed Der Spiegel article below:

How a Pillar of German Banking Lost Its Way

For most of its 146 years, Deutsche Bank was the embodiment of German values: reliable and safe. Now, the once-proud institution is facing the abyss. SPIEGEL tells the story of how Deutsche’s 1990s rush to join the world banking elite paved the way for its own downfall.

You got it right.
socialbeachdude is spewing more of the nonsense and foolishness that caused me to put him on block, as i have plenty of enough sewage to wade through in reading, as it is.

socalbeachdude

False, but YOU certainly are. Moreover, how would you even know at all if you are not reading my comments?

True grit

You gonna do something about it or just whine!

Trev T

bollocks

Peter Howes

Joo, Get an education; globalism has nothing to do with Socialism, it is rampant capitalism in its last stages and historically called Corporate capitalism. If you knew anything about economics you would know that the big fish eat the little fish and small nations get absorbed into a matrix of economic control by larger nations. What do you think the Age of Empires was during the last two centuries? The British Empire etc. After the Second World War the Anglo-American Axis took over and set up the EU in the interests of Western Globalism. Obama and Clinton are not Socialists but creatures of the Military Industrial Complex owned by the 0ne Percent of elite Bankers aided by the Nine-ten percent of the Western elite. The Third World was impoverished and the flood of refugees came from victim nations of Western Imperialisms wars of aggression needed to gorge the Empire by securing captive markets and resources. The Ideology used was pseudo-feminism, institutional baloney re Western values, so-called Liberalism, Democracy and free-market Capitalism. Nothing Socialist here but the opposite. The Corporate State is historically known as Fascism. The West failed in Russia after the fool and traitor Yeltsin tried to sell Russia to the highest bidder. In like manner the West tried thru NGO’s to take over China via pseudo-velvet revolutions (student uprisings). Unfortunately for this Fifth Column the Chinese army sided with the Governmeent and the insurrection failed; unlike in Syria and Libya, though in Syria the so-called rebels were defeated after 8 years of terror. Now Russia and China are ready to take on the collapsing Anglo-US Empire. Thus it matters not who sits in the Emperors seat in America. Whoever it is will be owned by the same degenerate social elite of property mongols. The future of the planet is grim inded as opportunist fools, corrupt knaves and hubris filled idiots strut in the Western corridors of power. A corrupted Western public, racist, myopic and fed bread & circuses cheer on the nightmare from the sidelines as the world slides into war and destruction.

JC Teecher

I do not see anything about the impact of the Mohamadans in your equation. It has the face of collapse of the modern Christian Nations, written allover it.

Any nation allowing the infiltration of a Mohammadan influence into it’s society, will eventually come to naught.

socalbeachdude

100% correct.

Arrow

Ah yes… divide and conquer, genocide and plunder. The world has been sliding for a long time. One would envision the bottom to be… total chaos. What then? Round and around and around we go.

orsobubu

99% agree except I would use the term “imperialism”, after Lenin, instead of Corporate capitalism. You used it in a limited way referring to the third world aggression wars. Ok also about fascism. In the terminology I prefer, free market economy and fascism are the two sides of the same medal, imperialism, the highest stage of capitalism. Today a decadent and rotten phase, as you correctly stated. Imperialism is the category of politics economy also adopted by Kissinger., and by most advanced research in marxism, epistemology and dialectical materialism in general, at least in Europe.

Horiboyable .

The west is collapsing. When ever an empire collapses it always starts on the outer edges and works its way in to the epicentre.
History is crystal clear on this point. You know you are near collapse when your government starts debasing, this is repeated many times through history. There is most probably a cycle at play here, when politicians realise the end is near they start cheating (printing money; less sliver more copper; sometimes just ordinary metal)
I cant wait until they wheel Dragi out again and he will make one of those speeches about doing whatever it takes.
The winds of change have blown over Europe and investors will begin to panic and the flight to quality will start in earnest and the dollar will sore like an eagle high into the sky. Other folks may pile in to bunds because they know they will get paid out in DMs

Joo

No DMs in treasury! At Germany we will have the worst collapse, all over the Europe! The Germany now is like USA 1929! They do not doing things better, they just have a system that help them to be a hegemon! This is a giant with skinny and fragile legs! Dollar will soar, gold will soar, because we will have financial meltdown, not just economically one. Gold will replace same part of a currency that can not hide in dollar and USA treasury!
Germany is an industrial giant, but when everywhere we have collapsing, this will be a Great Depression 2 for this supercilious bastards!

Horiboyable .

This could get very bad for Germany. When those 1 million refugees who think they have made it into a wealthy country only to discover the debt party is over and there is no more crumbs falling from the table, they will go into a frenzy.
I still cant believe that Merkel let in 1 million Muslims into a Christian country. It would be exactly the same as letting in a 1 million black people into the Ukraine. This will not end nicely.
Germany’s biggest problem is its demographics, they are awful. Most of their debt and liabilities are hidden at the municipal level.

Joo

The germans think to himself, to have some supremacy! Ordinary people are slave of a globalist elite there!What ever it take, if this thing do not resolve at next few years, the price will be more high! The same is in Britain! Bloodbath or deportation! A do not know what will happen, but this race and cultural impact, is impossible to be resolved, without giant crisis and revolt! White people are on the edge!

retired22

There will be terrible massacres when the financial blows up & the Socialists are removed from office.
There will be a gigantic Muslim migration,..in reverse,back to the Middle East after the Germans start their reconquest of Germany.
Ralph Peters saw this coming 6 years ago & said as much!
And the scary thing is that when Europe rids itself of the Muslims,…it will only be the beginning of the worlds problems.

socalbeachdude

Nope.

JC Teecher

The minimal impact of 1 million refugees to any country is equivalent to taking 30 million out of the economy each month for their benefits, which will eventually take a toll, and eventually become a debt burden.

There is no way around it, as the UN has pre-approved, those payments.

The loss to jobs that was already stressed, will end the increase to GDP if there was any.

It is a “planned” collapse, so as to bring about a one world system of socialism and decrease in the middle class.

socalbeachdude

False. There is no “planned collapse” at all of anything.

Horiboyable .

How on earth these illiterate people were going to replace retiring engineers at BMW defies any type of logic.

socalbeachdude

Germany is doing just fine these days and is by far the most successful and wealthy country in the entire 28 (soon to be 27) member EU.

As to gold, that junk is plummeting like a rock and is now down around 45% since its manic speculative high reached more than 5 years ago in September 2011 and is headed towards its mean of $456 per ounce and then lower.

Mike Smithy

Very True. In regards to the outer edge decay of the American Empire, take a look at the U.S. Territorial Posessions such as Guam, Saipan, American Samoa, Puerto Rico and the Virgin Islands. Every one of them is a 3rd word ghetto.

Brad Dueringer

Tptb want the same thing in the mainland US.

socalbeachdude

False. Obviously.

socalbeachdude

No, the “west” is certainly no collapsing at all.

What is collapsing is the EAST with the epicenter of that collapse in China followed by Japan and South Korea.

Trev T

correct and the writer of this article has it all wrong, a 2 cent drop is not a collapse, or is parity

the collapse happened in Sept 2011 to dollar & sterling against the swiss franc, the swiss franc gained 153% in months but the author keeps deleting that comment because he knows it the truth. He is therefore a plant from the banks who gives half truths

socalbeachdude

Indeed. The Euro traded against the US dollar as low as $0.82 not long after going public for the first time in 2002. It is currently at $1.05 which is about 5% above parity with the US dollar.

Cal

He (Holy Spirit) who hinders is removed (Rapture) the son of perdition will be revealed. When this occurs people who remain won’t have to worry about fiat currencies, gold and silver. You will need the mark to buy and sell.

Jay1337

All that means to say is that the son of perdition will not be revealed before his appointed time, until the divine restraint is removed. To claim it means anything else is over reaching and leads to twisting the meaning of what’s being said.

Everyone will be around to see him and what he will do

JC Teecher

To be honest, and state the facts; the subject of 2 Thess. Chapter 2, is stated clearly in verse 1.

That subject, is concerning our gathering back to Christ, (believers/saved by His blood) in the moment in which He returns, at the 7th trump, whereby “all” are changed into spirit bodies.
Although the change (rapture) is stated in Corinthians, it is implied here as well.

1Co 15:51
Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed,
1Co 15:52
In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.

The gathering back, is a “one time” event, and not in an “any moment/fly-away/pre-trib/rapture”; as the liars teach.

Every knee will bow, and the separating of the sheep and goats will take place at that time as well.

If the pre-tribulationist could have their way, the separating would take place without any knees bowing as the scripture states.

Mat 25:31
¶
When the Son of man shall come in his glory, and all the holy angels with him, then shall he sit upon the throne of his glory:
Mat 25:32
And before him shall be gathered all nations: and he shall separate them one from another, as a shepherd divideth his sheep from the goats: ………….

Rom 14:11
For it is written, As I live, saith the Lord, every knee shall bow to me, and every tongue shall confess to God.

socalbeachdude

What on earth does that rambling have to do with any actual facts or realities?

Forrest

“For the U.S., a strong dollar hurts our imports and tends to drag down our GDP.”

Shouldn’t that read “exports?”

socalbeachdude

Yep, a strong US dollar makes imports into the US cheaper while a weak US dollar makes imports into the US more expensive based on exchange rates.

Seen2013

Which only really matters when you’re in a currency or trade war and corporate-labor market profits are not loyal to a given country or otherwise not dependent on the local populace for supply-demand…

Barry Goldwater

Unlike the US Dollar the Euro is a recent creation of globalist tyranny who’s value is rapidly declining because the European Central Bank under Mario Draghi is dragging it down with negative interest rates. How long can any currency survive when Central Bankers keep insisting to the world it’s worthless because it’s price is zero or less ? As the Euro declines European investors will search for yields elsewhere and investment will flow into the US as a result chasing higher rates and a stronger US Dollar. It’s not all bad !

In my opinion it would be wonderful if the EU finally collapsed under it’s own weight with the emergence of some brave local politicians who dare take it on.
The idea that every major decision any one of these nations make must be approved first by the bloated bureaucracy in Brussels should be enough to make anyone’s blood boil.

retired22

The bankers are desperate Keynesians who believed that they could make something out of nothing.They believed that they could make that financial monster,the Euro, viable throughout Western Europe
The EU went into terminal mode the day they created the Euro & the rot is now reaching the terminal stages!

socalbeachdude

The EU is the largest multi-county economy in the world and is larger than even the US economy and is a spectacular success story.

gfmucci

Only a true socialist would believe that lie.

socalbeachdude

What I stated is an absolute fact.

CASTIEL

An abslute fact : you are a idiot!!!!

socalbeachdude

Are you denying that the EU is now an $18 trillion a year economy and the largest multi-country economy in the world? Really? Seriously?

CASTIEL

What matters……..when all is going down…….do you live in Europe????……go ask to any person who lives in the UE……including the north paradise as you defend…..if it is all raimbows and unicorns……DO YOU LIVE IN THE F”CKING MOON?

socalbeachdude

I live in the beautiful People’s Republic of California and have friends who travel to Europe rather frequently to go on great shopping trips in Paris.

CASTIEL

Paris??? hmmm….try to live there for a year like I done….and you will change your opinion…..

socalbeachdude

Just like all major cities in the world today Paris is a mix of both the good and the bad depending on which particular area you are talking about.

CASTIEL

Really so tell me…….mr know everything…….if you didnt lived in paris or visited like you mentioned before…..WHY YOU TELL THINGS YOU DONT KNOW????????? What area?????its all the same…….Stop act like a stupid child……..

socalbeachdude

One of the worst areas of Paris is 18em arronddisemont et porte de clignancourt, and don’t go to St Denis, La Courneuve, or Mantes-la-Jolie unless you want to see what a French ghetto is like.

Other parts of Paris are exquiste and superb such as The Right Bank consisting of Les Halles, Louvre and Palais Royal (1er and 2e) which are the très chic areas of Paris.

Saying Paris is a monolithic area that is “all the same” is just as ridiculous and false as saying that Los Angeles is typical of what you would find in Compton or South LA as compared to exquisite areas such as Holmby Hills next to Beverly Hills or the Pacific Palisades or Brentwood.

CASTIEL

Thats the perifery….i m talking about the center……Go visit Venice……Rome…..Havana……and will see the difference…..i m talking about the typic depressive French and stupid and arrogant Parisien….the constantly bad weather………the crazy traffic…..one hour to do 4 km…..and what do you have in paris……The Eiffel tour? No mountains….. no Ocean…….I prefer Geneve in Switzerland….thats different!!!!!….Helll ……Porto in Portugal is way more beautiful……than Paris…but thats my opinion…….Ridiculous????? Tell me do you ever been in Paris?????

socalbeachdude

Apparently you do not like the lovely folks of France.

CASTIEL

Appearences are deceiving….they are cordial….but doesnt mean they have a true heart…….one day you will understand…

orsobubu

What continues to surprise me is how many people, American in particular, confuse communists as European Union’s supporters. If anything, it is just the opposite. The European capitalist bourgeoisie is the creator of the single market, because the establishment of a common rate for the European proletariat exploitation is necessary to the survival of their companies inside such a competitive global market, and the growth of productivity and capital is their only chance to peacefully continue to be the ruling class. The Communists, being internationalist and anti-imperialist, obviously fight the European Union even though, being realists, they recognize it as an historical necessity and consider the role of its reinforcement in the future questioning of the world order.

socalbeachdude

Yep.

Brad Dueringer

Wow!

im4truth4all

“The further a society strays from the truth the more it will hate those who speak it.” – George Orwell

im4truth4all

The following information is for orthodox Catholics. A recent book called “The Five Beasts of St. Hildegard – Prophetic Symbols of Modern Society” describes 5 brief historical periods that must take place which are back to back and prepare the way for the Antichrist. The 5 Beasts represent the brief historical periods. There is also no conditionality to the prophecy. St. Hildegard was made a Doctor of the Catholic Church by Pope Benedict.
The book is easy reading and only 84 pages. The author makes a very compelling case, in my opinion, that we are coming to the end of the 4th period if we have not already completed it. What is particularly alarming is the violent nature of the 5th period. At the end of the 5th period will come the son of perdition. Only one sin is explicitly identified in the the last period and it is the sin of greed.

Gay Veteran

the book is found in the Fiction section of your local library

Jack Frost

God forbid the devaluing of the dollar actually cease and it gain some purchasing power. There has been nothing the last decade but fretting because the currency isn’t debasing rapidly enough. Why is deflation a problem? Can people not get more for their meager funds in order to survive? Pieces of paper printed on fancy minting presses have no intrinsic or innate value, only the shared belief they can be exchanged freely for good and services. So if we get more for our script, why is that bad?

No, you are a troll working for either the government, the Fed, or Wall Street. Your playing reverse psychology on sites that repute the establishment. Kind of like Yokyo Rose or Hanoi Hana using mental games over the radio. You love to cut and paste information that supports your leaders propaganda. However, you give information on the actions & theories and not the true results of those actions. Example: central bank manipulation and interest rates. The end result is no productive economy with more debt. Central banks create an environment through policy hoping that those in that environment will bite on the hook to create something that never happens due to failed Keynesian idealogies. In other words the outcomes that are supposed to happen theorically never di and we get a different result. Usually a bad one. I would assume you support John Keynes???

socalbeachdude

Laughably false. Why do you have such a difficult time dealing with the ACTUAL FACTS which I have clearly stated? Why do you keep making up false and bizarre fantasies in your head rather than understanding those actual facts.

I am simply a Southern Californian with substantial knowledge of money and banking with significant expertise on the Federal Reserve which I voluntarily share for the enlightenment of all. Everything I have stated is 100% true, accurate, and correct and is rather easily verifiable.

What in your opinion that I have stated in regards to the Federal Reserve or money and banking in general is not in any way fully factually correct and accurate?

Central banks do engage in policy matters including with money supply and the cost of money, but that is not “manipulation” but rather just sound policy decisions within their legitimate perview and authorization. The Federal Reserve and central banks as a whole have FAR LESS POWER than you imagine.

The fact of the matter is that there is very little that the Federal Reserve and central banks can actually accomplish with monetary policy and the Federal Reserve has no impact on interest rates other than as a “bully pulpit” in that regard as all interest rates that matter in the US are keyed off the yields in the US Treasury market which are the largest bond market in the world.

There is nothing wrong with Keynesian economics other than that most of the advocates of what they all Keynesian economics ignore the full theory and simply use it an excuse to deficit spend unaccountably without adhering to the full theory of building up government surpluses to offset that which is as much a part of actual Keynesian economics as is deficit spending during difficult times.

Mark

I know more than you. Again you just proved that you are progressive leftist globalist. You support Keynesian economics and the Fed. All central planning. Keynesian economics failed under Roosevelt too until WWII. Always need a war to pull us out of the gutter that progressives get us into.

socalbeachdude

Laughably false. Wars do not solve any financial problems but rather make those problems vast worse – as should be very obvious even to you.

Brad Dueringer

Stop feeding the trolls

socalbeachdude

Start dealing with the actual facts.

question is who defaults 1st

that metric changes drastically once the Donald assumes power,he will renegotiate the massive dept offering creditors 50 cents on the dollar cutting the 21T in dept by 1/2.trump hates china with a passion (who doesn’t) so stiffin them out of few tril is a no brainer lol

socalbeachdude

Not even the slightest bit of a chance on your scenario which is totally out of touch with reality.

Seen2013

Hence, why China and other BRICS nations are dropping the US Dollar in denominated trade that began in 2009.

socalbeachdude

China is the most egregious and profligate money printer in the entire world and has increased its $3 trillion money supply by more than $30 trillion over the past 10 years despite the fact that its economy is about half the size of the US economy, and now the value of the renminbi (RMB / yuan) is accordingly coming crashing down at a very rapid pace.

Seen2013

If Russo-Sino turn Germany or Saudi Arabia to repudiate the US Dollar in denominated trade, the US’s ability to maintain old school measurements estimate deficit to debt spending accounting for over 80% of GDP, and keeping public-private partnerships solvent through deficit to debt spending requires:
1). War with Russia and China.
2). War with Germany and Saudi Arabia.
3). War with Canada, Mexico, and Cuba.
4). Go mutual assured destruction and hit the world reset button.

The only alternatives:
1). Deficit spending goes to 100% removed. There can be no deficit spending added to the national debt.
2). The national debt gets paid.
3). Capital Structure is prioritize to increase capital creation supply rather than pricing out none public-private partnerships from the capital structure markets.
4). Reinstate the Monroe Doctrine.

Generally, you course correct before the historical point of no return historians estimate is 93% of GDP.

The only other alternative is reviving policies from 1870-around 1960 that were in effect in the United States during the Progressive’s Utopian Heyday.

socalbeachdude

WARS COST LOTS OF MONEY AND SOLVE ABSOLUTELY NOTHING.

Deficit spending by the federal government amounted to around $1.4 trillion a year in Fiscal 2016 which is less than 8% of US GDP of $18 trillion. Wars of any kind would only make the deficit significantly higher.

socalbeachdude

The all time high of 164.72 on the DXY in February 1985 was an EXTREME TRANSITORY SPIKE that was very short-lived. The US dollar has been in the range of around 75 to 85 over most of the past 25 years on the DXY and is now at 81.04 and moving towards the high end of that range.

The way the DXY has been calculated since January 2002 when the Euro went fully public (it was introduced for interbank use in 1999) is also quite different from the way the DXY was calculated in the pre-Euro days and the Euro has a 57% weighting in the DXY formula.

The Euro was intended to trade for around 1:1 parity with the US dollar at introduction and has wildly fluctuated itself during the 14 year period it has been in public existence ranging from a brief low of $0.82 to a brief high of around $1.56 and it is now around $1.05.

socalbeachdude

US Dollar reaches 14 year high after Federal Reserve raises interest rates in latest show of strengthening economy since Trump election win

The greenback hit 103.22 on Thursday morning, its highest since April 2003.

It came within hours of the first Federal Reserve meeting since President-elect Trump’s election win.

People will flow into the dollar as more chaos, like that in Italy, continues around the world. But afterwards, the dollar will then begin to collapse once people realize the debt owed by the U.S.A. and our own internal dynamics. Jim Rogers has it nailed.

socalbeachdude

No, the US dollar will continue to soar upwards for the foreseeable future.

Mark

Wrong.. It will eventually collapse.

socalbeachdude

Why would the EU “collapse” at all and what do you mean by “collapse?” It is a multi-country union of 28 (soon to be 27) countries with around 504,000,000 citizens nearly all of which have benefited immensely as a result of the EU and the EZ which are the 19 countries that use the Euro as their currency. As a group, the EU is now the largest economy in the world in December 2016.

Mark

EU will collapse and more world economies will go to the dollar at first then eventually the dollar will collapse. There will be hyperinflation. The US will collapse after the EU.

socalbeachdude

Nope. The US dollar will continue soaring upwards for the foreseeable future and the only question is how high it will go on the DXY. The US dollar is currently at 102.80 on the DXY at a 14 year high.

orsobubu

Except for his extremely negative outlook for gold, I totally agree with socialbeachdude analysis. Europe power and strong determination by european bourgeoise is underestimated here. For Martin Wolf (FT), “the oscillation of the pound shows the limits of sovereignty in an open economy. The formal sovereignty is not power. The British government announces its intentions. but is the reaction of others that determines the result.”

Starting from the mainland. the priority for Berlin and Paris is the unity of the eu-27. For this purpose, the four freedoms of the single market (free movement of goods, freedom of movement for workers, right of establishment and freedom to provide services, free movement of capitals) are to Merkel a Ordnungspolitik element. A British exception could undermine the European edifice. Furthermore, if for Germany the link with London is crucial for a balance in a liberal sense of the Rhenish axis, a post-Brexit GB, oriented to a state-national closure on immigration would have less attraction for Berlin.

Merkel warned BDI German industrialists not to give in to the temptation of “comfortable agreements” on the 4 freedoms, revealing how political processes are not a mere copy of economic interests. Certainly a compromise is not ruled out, but the catastrofic result of the june poll will represent a high price for London.

socalbeachdude

Thank you for your excellent analysis.

Tea P Patriot

I recall buying a Euro for 89 cents in Amsterdam around 2000. Hard to believe it managed to hit $1.60 to 1 euro.

socalbeachdude

The all time high of 164.72 on the DXY in February 1985 was an EXTREME TRANSITORY SPIKE that was very short-lived. The US dollar has been in the range of around 75 to 85 over most of the past 25 years on the DXY and over the past 2 years has moved up ery significantly and is now at 102.81 in mid December 2016.

The way the DXY has been calculated since January 2002 when the Euro went fully public (it was introduced for interbank use in 1999) is also quite different from the way the DXY was calculated in the pre-Euro days and the Euro has a 57% weighting in the DXY formula.

The Euro was intended to trade for around 1:1 parity with the US dollar at introduction and has wildly fluctuated itself during the 12 year period it has been in public existence ranging from a brief low of $0.82 to a brief high of around $1.56 and it is now back to around $1.05.

Trev T

& banksters have used these movements to make themselves powerful and richer. The movements were not due to natural import/export trade nor supply /demand. The did the same with Swiss franc in Sept 2011, against the dollar & sterling, real crooks, all of them & the regulators

socalbeachdude

There are many crazed manic speculators in the $5.3 trillion a day FOREX markets which have swung wildly based on pure speculation with little to no regard to fundamentals. Personally, I am in favor of SHUTTING DOWN FOREX and returning to a fixed price currency exchange system like existed in the days of the Bretton Woods Agreement.

Trev T

agreed although in Aug 2011 it took slightly more than crazed speculators to move markets by over 150% in favour of the Swiss franc & they (bankers) have done this on more than one occasion in the past few decades to enrich themselves. As you say, it should be shut down, it gives them an unfair advantage. Re: brenton woods, that’s probably been corrupted too by regulators.

JC Teecher

Watch for the slow down to commence after the New Year.

socalbeachdude

What slow down? In what? Where?

HeyAHuman

I’m sure he means economic slowdown after the holidays, when spending diminishes, which is a safe assumption.

socalbeachdude

That’s pretty normal every year!

JC Teecher

I mean an economic slowdown in general, and not just associated with the spending surge and then a spending recession, because of Christmas.

A new trend is coming about, and the stock market will show the results of this coming trend as the year 2017 unfolds.
Almost all the leading indicators suggest that we have just about hit the peak of the reboot of the markets.

As Michael states above, “Cash” as in the US Dollar, is still king, and PMs are taking a back seat right now.
A day in the future, where that trend reverses, once again, will be back, however; that trend will see more and more support towards the dollar for years to come…at least throughout the Trump years.

The purchasing power of those US dollars will continue to diminish as inflation and the associated costs of services and products continue to rise due to one main reason; the continued rise in production costs because of fuel costs increases.

Trump has began a campaign of opening up US of A oil, gas, and coal explorations and production. It will happen because it is a necessity for a thriving economy.
It will happen because it is a necessity for Energy Independence.
It will happen because it is a necessity to rid ourselves of the burden of dependance of Middle East oil.
Trumps vision is ridding ourselves of the globalist ideology of killing America’s sovereignty.

All these Trump programs are good for the overall health of the Economic system for America, but will come with a price tag of which will cause a major slow down for the first couple years, or so.
That is the plan, but plans do sometimes have unforeseen glitches and hiccups, of which the globalsists and Mohammedans will fight with.

And btw, I have had socialbeachdude on block for many months, as he spewed too much foolishness and nonsense to suit my tastes, so I don’t read such anymore these days.

socalbeachdude

The purchasing value as well as the exchange value relative to other currencies of the US dollar is SOARING UPWARDS and will continue to do so as the global deflationary spiral intensifies.

socalbeachdude

I see you are quoting nonsense from the stupid and clueless dolts over at ZeroBrains.com which has zero credibility.

socalbeachdude

Huh?

Horiboyable .

Its over sweet cheeks. Get over it

socalbeachdude

Laughably false. Nothing whatsoever has happened or will happen regarding the so-called Brexit and nothing can or will happen until and unless the Parliament of the UK invokes ARTICLE 60 of the EU governing rules.

socalbeachdude

No. It is called EXTREME STUPIDITY and that ignorant little vote on so-called Brexit CARRIES NO LEGAL WEIGHT WHATSOEVER and will likely be rejected entirely by Parliament. It would be fatal to the UK to exit the wonderful EU.

Horiboyable .

You cry baby remoaners are acting like children who want to take their toys away because you are upset. Any attempt to over throw BREXIT will cause 2011 mkII, make no mistake about that.

socalbeachdude

There is no so-called “Brexit” at all until and unless the parliament of the UK invokes Article 50 and requests that the procedure to withdraw from the EU be started and that hasn’t happened at all.

lefeuvre

Not only but also the Yuan

China / USA … . End of ‘ tacit agreement!

The Chinese yuan has hit its lowest level in eight half year compared to the US Dollar, as a result of rising interest rates made by the EDF.

Chinese products will therefore become even more competitive with US products.

The Chinese are therefore still largely export to the USA.

Products to be purchased on credit by the North Americans, with however, a credit that will cost more.

The number of North Americans of working age outside the world of work could rise and soon reach 100 million to make, as stated Adrian Monk … “a round number.”

A tacit agreement existed between the US and China.

The Usa accepted that China is exporting their products as their counterpart, the fact that China financed the North American deficits

But with the decline of the Yuan and increased competitiveness through currency, China now does not need to support the US Treasury

China has drastically reduced its holdings of Treasury securities over the last six months, from second behind Japan as a creditor of the US.

China has forced the US to raise its interest rates to motivate and attract other buyers of US debt.

socalbeachdude

The Chinese renminbi (RMB / yu8an) is crashing because China is the most egregious money printer in the world and has created a more than $30 trillion increase in its money and credit supply over the past 10 years moving its money supply from less than $3 trillion to more than $34 trillion. That has nothing to do with interest rates at all but rather with unprecedented creation of money and credit (debt) which is now collapsing in China.

JC Teecher

Off topic humor.

If socialbeachbum, fartblossom, and liztheshitz, had a baby together, what would it be called?

myhaidstucketh-n-rectumagain.

socalbeachdude

Why the foul potty mouth nonsense?

LIZ THE SHIZ

Major Economic Warning Sign: The Euro Is Heading For A Party With The U.S. Dollar Cheap French Wine and BMW’S For Everyone

Trev T

but 3-5% isn’t that much cheaper really, is it! Let’s wait for it to reach 0.82 levels & BMW move manufacturing plants to USA

socalbeachdude

BMW already has manufacturing plants in the US.

So does Daimler-Benz.

MaxRockatansky33

Now the Russian Ambassador was killed in Turkey. Expect some global earthquake.

socalbeachdude

Communism is simply a somewhat more radical form of socialism which is a political ideology / philosophy.

Lazarovic

We have to pay down the debt. So, we must raise taxes across the board, on everyone and every business. No more tax loopholes, exemptions, holidays, incentives – all of it should be done away with so that we can raise as much money as needed to start making significant payments on the debt. No more corporate welfare of any kind. Reverse all of the tax reductions of the last 30 years and start paying what we own. And we must eliminate the deficit by ending foreign aid and all foreign military intervention, while cutting all Congressional salaries, benefits and pensions. Then, the economy will recover. It’s the only responsible thing to do.

JC Teecher

Will not happen, as establishment politicians have the whole game rigged.

Most of the repubs are in on the fix, so a majority will not make any difference.

ManAboutDallas

The Euro may briefly touch parity with the US$ but that will be all. The Euro is being quietly transformed – right now, right before our eyes – into The New Deutschemark. This has been Germany’s plan, all along. Enjoy your “Euro parity” while it lasts; don’t blink.